Scaramucci Explains Why Bitcoin Fell to $60K This Week
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The post Scaramucci Explains Why Bitcoin Fell to $60K This Week appeared first on Coinpedia Fintech News Bitcoin fell sharply to $60,000 this week, shaking investor confidence, even though the market has many positive developments. On CNBC’s Closing Bell Overtime, SkyBridge Capital founder Anthony Scaramucci explained why Bitcoin can still have big swings, despite favorable regulation, the approval of ETFs, and growing interest from large investors. A Rough Week for Bitcoin This week, Bitcoin saw a steep drop followed by a quick rebound, showing that it remains unpredictable. This happened even though many consider recent events as wins: spot Bitcoin ETFs are now available, institutions are investing, and U.S. regulations are becoming clearer. Still, instead of stable prices, Bitcoin fell hard, leaving investors puzzled. Scaramucci said the recent drop is uncomfortable but not unusual for Bitcoin. Bitcoin Is Still an Early-Stage Asset Scaramucci emphasized that Bitcoin is still in its early adoption phase. He doesn’t call it just “digital gold” or a hedge against inflation, but a new type of technology with characteristics of both money and gold. Early-stage assets often have big ups and downs. He added that most Bitcoin investors are younger. Older, wealthier investors often prefer traditional safe-haven assets like gold and silver. That’s why those assets rose earlier this year while Bitcoin struggled to stay at its highs. .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read : Crypto Market Today Rebounds as Bitcoin, XRP Rally After Panic Sell-Off , Regulatory Clarity Could Boost Confidence A major factor holding Bitcoin back, according to Scaramucci, is uncertainty around U.S.…
Filed under: News - @ February 7, 2026 11:26 am